Vintage Wine Estates Inc reports results for the quarter ended in June - Earnings Summary

Vintage Wine Estates

13/10/2023 23:38

* Vintage Wine Estates Inc  VWE.OQ  reported a quarterly
adjusted
loss of 24 cents​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was for a loss
of 9 cents per share.
    * Revenue fell 17.8% to $62.10 million from a year ago;
analysts
expected $66.87 million. 
    * Vintage Wine Estates Inc's reported EPS for the quarter
was a
loss of 81 cents​.
    * The mean earnings estimate of analysts had fallen by
about 875%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Vintage Wine Estates Inc shares had risen by 23.4% this
quarter and lost 78.5% so far this year.
    * The company reported a quarterly loss of $47.85 million.
    * Wall Street's median 12-month price target for Vintage
Wine
Estates Inc is $2.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 13 at 10:38 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.09          -0.24          Missed
 Mar. 31 2023      0.00           -0.26          Missed
 Dec. 31 2022      0.09           0.26           Beat
 Sep. 30 2022      0.02           0.05           Beat